1800 Ashmun St, Sault Ste Marie, MI 49783
sale
$995,000
|
Other
Courtesy Of OUTSIDE OFFICE
2700 Davitt Street, Sault Ste. Marie, MI
Turn-key, high-occupancy 18-unit + Owner's Quarters Motel investment in Sault Ste. Marie, MI delivering an exceptional 10.5% cap rate at 100% occupancy. This cash-flowing asset is ideal for an investor or owner-operator looking to capitalize on the Upper Peninsula'sbooming tourism, maritime commerce, university market-and what Perfect timing for a buyer with the New Lock at the Soo construction project slated to be ongoing until 2030. This ensures a sustained influx of contracted crews, corporate travelers, and industrial workforce housing demand directly to the immediate area. Outstanding 10.5% Cap Rate with proven year-round steady occupancy. Brand new roof installed in 2026, eliminating major near-term capital expenditures.
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Property Features
- Building Units: 19
- MLSID: 26-699
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